This is how I feel right now. Yesterday, Batnick asked me if I thought Monday’s thrashing might have represented the bottom for the S&P 500. I don’t. I also don’t see this morning’s agreement in Congress as “stimulus.” I see it as a rescue. Stimulus is what you do for a slowing economy. This is…
“At last, we have a deal…In effect, this is a wartime level of investment into our nation.”
That’s Senate Majority Leader Mitch McConnell sometime after 1am this morning announcing that there is now a bill that can be signed into law, after a marathon negotiation that went days and days. Treasury keeps the half-billon-dollar “slush fund” but Dems managed to secure oversight via 5-person panel and an Inspector General. The Fed is…
The Fastest Bear Market of All Time
Brand new!
Fastest 30% Sell-Off in History
This has literally never happened before.
Why stocks and bonds fell together last week
here are the three times since 1928 that stocks and bonds (as defined by the S&P 500 and 10 year treasuries) both fell during the same year:
RIP Kenny
Rest in peace Kenny Rogers, gone at 81 years old.
This Week on TRB
These were the top posts on the site this week, in case you missed it:
Clips From Today’s Halftime Report
Not convinced casino stocks will rally anytime soon: Josh Brown from CNBC.
Will the weather help us fight the virus?
temperature and latitude may have a direct link to the spread and seasonality of COVID-19
We are not going to participate in this recession
I made a decision. We are not going to participate in this recession. There’s too much work to be done.
